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QUESTION
An organization is owed 50,000 by its trade debtors (receivables) and in relation to its credit sales on 31. During the year to 31.20X5, it makes...
An organization is owed £50,000 by its trade debtors (receivables) and in relation to its credit sales on 31.12.20X4. During the year to 31.12.20X5, it makes credit sales of £750,000. At 31.12.20X5, it is owed £125,000 by its trade debtors.
How much money did the organization receive from its trade debtors and in the year to 31.12.20X5? How will the above information affect the organization’s:
108000 Years 8 13500 After 5 67500 Less original 405001800054000 Debit Credit Cleaning Revenue 2,500 Wages Expense 700 Rent Expense 500 Supplies Expense 300 Insurance Expense 200 Utilities...